REC balance sheet

As of Sep 2026

Loans: ₹6,12,678cr+6.6% on Sep 2025
Total debt: ₹5,36,536cr+3.9% on Sep 2025
Total assets: ₹6,74,188cr+5.3% on Sep 2025
Shareholders' equity: ₹95,219cr+14.1% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Non-financial assets
Financial assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	459	293	234	263	48.7
	1,894	1,318	2,110	2,700	2,347
	21,420	19,961	17,432	12,482	8,982
	183	293	235	154	113
	0.0	3.9	2.0	—	0.0
	6,12,678	5,79,243	5,59,088	4,99,192	4,22,084
	9,734	9,831	6,674	5,352	3,170
	24,508	24,556	24,604	24,445	24,423
	6,70,876	6,35,500	6,10,379	5,44,588	4,61,167
	80.0	280	407	310	306
	2,383	3,540	2,869	2,501	3,308
	1.0	1.0	1.0	—	0.0
	603	613	626	631	639
	145	128	76.0	23.6	2.7
	0.0	2.0	1.8	0.5	1.6
	1.7	0.0	0.0	—	0.0
	99.1	95.2	143	137	79.1
	3,312	4,658	4,123	3,603	4,336
	6,74,188	6,40,158	6,14,502	5,48,191	4,65,503
Financial liabilities
	1,149	1,949	1,670	760	977
	3,25,562	3,09,983	2,92,428	2,66,063	2,36,902
	2,01,541	1,95,316	1,94,300	1,72,092	1,37,114
	9,433	9,427	9,514	7,412	6,773
	39,633	37,290	37,647	31,959	25,345
	5,77,496	5,54,161	5,35,717	4,78,377	4,07,154
Non-financial liabilities
	269	0.0	0.0	66.5	10.7
	1,005	600	138	137	112
	199	343	271	260	106
	1,473	943	409	464	229
	5,78,970	5,55,104	5,36,126	—	—
Equity
	2,633	2,633	2,633	2,633	2,633
	92,586	82,421	75,743	66,717	55,487
	95,219	85,054	78,376	—	—
	95,219	85,054	78,376	69,350	58,121
	6,74,188	6,40,158	6,14,502	5,48,191	4,65,503
Trade payables — MSME split
	0.0	0.0	0.1	—	0.0
	1.4	2.1	6.5	—	0.0
	168	180	134	90.5	41.7
	9.8	14.2	17.3	—	0.0

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RECLTD₹296.15

REC Ltd.

· Banking & Finance

₹ CrorePeersPFC IREDA MUTHOOTFIN BAJAJHLDNG HDFCAMC CHOLAFIN IRFC TATACAPMcap ₹77,983 Cr

View

In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Financial Assets
+ Cash & Cash Equivalents	48.7	262.8	233.6	293.4	458.9
+ Other Bank Balances	2,346.9	2,699.8	2,109.8	1,317.7	1,893.8
+ Derivative Financial Instruments	8,981.6	12,482.0	17,432.2	19,960.9	21,419.9
+ Trade Receivables	113.0	153.8	235.1	293.2	183.1
+ Other Receivables	0.0	—	2.0	3.9	0.0
+ Loans	4,22,083.9	4,99,192.1	5,59,088.1	5,79,243.1	6,12,677.7
+ Investments	3,170.0	5,352.3	6,673.6	9,831.5	9,734.1
+ Other Financial Assets	24,422.5	24,445.4	24,604.2	24,556.2	24,508.5
Financial Assets	4,61,166.7	5,44,588.1	6,10,378.6	6,35,499.9	6,70,876.0
Non-financial Assets
+ Current Tax Assets (net)	306.0	309.7	407.1	280.2	80.0
+ Deferred Tax Assets (net)	3,307.6	2,501.0	2,868.7	3,539.6	2,383.0
+ Investment Property	0.0	—	1.0	1.0	1.0
+ Property, Plant & Equipment	639.2	631.0	626.0	612.5	603.1
+ Capital Work-in-Progress	2.7	23.6	76.0	127.7	144.6
+ Other Intangibles	1.6	0.5	1.8	2.0	0.0
+ Intangibles under Development	0.0	—	0.0	0.0	1.7
+ Other Non-financial Assets	79.1	137.2	142.6	95.2	99.1
Non-financial Assets	4,336.1	3,603.0	4,123.3	4,658.1	3,312.5
Total Assets	4,65,502.8	5,48,191.1	6,14,501.8	6,40,158.0	6,74,188.5
Financial Liabilities
+ Derivative Financial Instruments	977.0	759.7	1,670.1	1,949.2	1,148.9
+ Debt Securities	2,36,902.3	2,66,063.2	2,92,428.3	3,09,982.8	3,25,562.4
+ Borrowings (other than Debt Securities)	1,37,114.1	1,72,092.1	1,94,300.2	1,95,315.6	2,01,540.7
+ Subordinated Liabilities	6,773.3	7,412.2	9,514.2	9,426.8	9,432.5
+ Other Financial Liabilities	25,345.1	31,959.5	37,646.7	37,290.3	39,632.7
Financial Liabilities	4,07,153.5	4,78,377.2	5,35,717.0	5,54,160.6	5,77,496.4
Non-financial Liabilities
+ Current Tax Liabilities (net)	10.7	66.5	0.0	0.0	269.0
+ Provisions	111.6	137.3	137.5	599.9	1,004.9
+ Other Non-financial Liabilities	106.5	259.8	271.2	343.1	199.3
Non-financial Liabilities	228.7	463.6	408.7	943.0	1,473.3
Total Liabilities	—	—	5,36,125.8	5,55,103.6	5,78,969.7
Equity
+ Equity Share Capital	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2
+ Other Equity	55,487.3	66,717.0	75,742.8	82,421.2	92,585.5
Equity — Owners of Parent	—	—	78,376.1	85,054.4	95,218.8
Total Equity	58,120.5	69,350.3	78,376.1	85,054.4	95,218.8
Total Equity & Liabilities	4,65,502.8	5,48,191.1	6,14,501.8	6,40,158.0	6,74,188.5
Trade Payables — MSME split
+ Dues to Micro & Small Enterprises	0.0	—	0.1	0.0	0.0
+ Dues to Micro & Small — Other Payables	0.0	—	6.5	2.1	1.4
+ Dues to Other Creditors	41.7	90.5	133.8	179.7	167.9
+ Dues to Other Creditors — Other Payables	0.0	—	17.3	14.2	9.8

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.